Zero Motorcycles Zooms to $17M

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Zero Motorcycles in Santa Cruz, CA, has picked up $17 million in new funding from a group led by private equity firm Invus, the company announced yesterday. The round could grow by $9 million in the coming months, according to the startup, which sells street and sport motorcycles powered by lithium-ion batteries. “Zero Motorcycles is well positioned to lead the motorcycle industry in new directions where electric propulsion offers unique advantages over traditional gas-powered motorcycles,” Invus managing director Aflalo Guimaraes said in a statement.